Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts

Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts

Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts. “We have witnessed a large move up over the weekend, with MicroStrategy’s efforts to increase bitcoin (BTC, 0.00%) holdings from several large players bringing with it fresh optimism,” Matthew Dibb, COO at Stack Funds, told CoinDesk. “Our belief is that […]

First Mover: Wells Fargo Bitcoin Briefing Could Signal Bull Run Intact

First Mover: Wells Fargo Bitcoin Briefing Could Signal Bull Run Intact

Bitcoin was lower for a second day, dropping below $19,000 after bulls failed to push prices past the psychological $20,000 threshold. “The overly confident market has been dampened,” the Norwegian crypto-market analysis firm Arcane Research wrote Tuesday in a report. In traditional markets, European shares slid, led by travel-related companies, and U.S. stock futures pointed to a lower open as […]

First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

Bitcoin was heading back toward the all-time high price of $19,920 notched earlier this week. “So far, prices remain constrained, either with sellers unwilling to part with their coins at any lower price or buyers unwilling to take further bets on a rally,” Matt Blom, head of sales and trading at the cryptocurrency-focused financial firm […]

Investment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ Portfolios

Investment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ Portfolios

The research arm of New York-based AllianceBernstein, a global investment manager with $631 billion in assets under management, has had a change of heart when it comes to bitcoin as an investment asset. In a research note produced for clients, seen by CoinDesk, Inigo Fraser-Jenkins, co-head of the portfolio strategy team at Bernstein Research, said […]

The Dollar Losing A Decade Long Trendline Could Send Bitcoin Skyrocketing

The Dollar Losing A Decade Long Trendline Could Send Bitcoin Skyrocketing

The year was 2009 and the dollar had just recovered from The Great Recession. Bitcoin was born and grew up while the dollar regained its throne. After ten years of strengthening, the pandemic and associated monetary response to sustain the economy, caused the almighty dollar to weaken again. And according to the Dollar Currency Index losing […]

Bitcoin Starts Its Series of Hitting All-Time Highs

Bitcoin Starts Its Series of Hitting All-Time Highs

After an accelerated bull run this past weekend, on Monday, the most popular cryptocurrency, bitcoin (BTC) started revisiting its all-time highs (ATHs). (Updated at 15:41 UTC: updates throughout the entire text). Per Coingecko.com, BTC hit USD 19,686 today, surpassing its previous ATH of USD 19,665, reached on December 16, 2017. At pixel time, BTC trades at USD 19,579 […]

Bitcoin Explodes to New Yearly Highs at $18,700 Amid Wall Street Support

Bitcoin Explodes to New Yearly Highs at $18,700 Amid Wall Street Support

Bitcoin is exploding higher once again after consolidating under $18,000 for a number of days. The leading cryptocurrency just minutes ago passed $18,700 for the first time since the top of the previous bull market in 2017. The coin is up approximately 6% in the past 24 hours, having bounced back from the local lows in the […]

Gold Prices Slump As Pfizer Files For Covid19 Vaccine Approvals, Will Bitcoin [BTC] Follow?

Gold Prices Slump As Pfizer Files For Covid19 Vaccine Approvals, Will Bitcoin [BTC] Follow?

Pfizer Inc. the company which has claimed to develop a vaccine for the novel coronavirus with 95% accuracy revealed that they have passed the final safety tests and found no harmful side effects of the vaccine. They also revealed that they would be filing for an emergency authorization for distribution in the United States after […]